Expansion in Mexico Contributes to Growth within Mexico's Auto Industry

Mexico is the 7th largest automotive producer in the world with approximately 80 percent of vehicle assembly being produced for the export market. The company RECO, responsible for manufacturing bus bodywork, is planning a new expansion and upgrade of the RECO plant in Tultepe, Mexico. Take a look at Mexico Today for more information on the effect of this on Mexico's auto industry.

"Mexican Automobile Sales Up 11.5 percent in August" via SteelOrbis

Via SteelOrbis - "In the January-August period this year, Mexican auto sales increased 11.5 percent from a year ago.....In 2008 Mexico became the largest supplier of auto parts to the U.S. Mexico exports 80 percent of its vehicles to the U.S.: 11 out of every 100 autos sold in the U.S. are made in Mexico. Other destinations are Latin America: 11 percent, and the European Union: 9 percent. In 2010 Mexico ranked as the 6th largest automotive exporter in the world."